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20121015
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debate will go better with romney because republicans will probably own both houses of congress and the presidency if romney wins. to me that's -- over the next three months or so, that's the most important issue. >> what if mr. romney does not win? >> if mr. romney doesn't win, effectively you have status quo. we think the fiscal cliff debate goes much worse. first you don't get the romney bounce, you probably get a bit of a sell-off on that. the bigger issue is the end of this year, i think it is going to be the summer of last year around the debt ceiling debate. i think it is going to be real lreally ugly. >> what areas of the market do you like with the longer term view past the election? >> right. if you look out beyond just the election and fiscal cliff issues, i think the key is, if we're in a slower economic environment, 1.5%, 2%, 2.5%, you need companies that underline earnings growth. you'll find that in a variety of areas, you'll find it in good staples company and fine technology companies. but being able to identify that to me is more important than simply buying di
with a romney victory, i think it's great on both sides of the table. jim is right. when bernanke's term comes due in january 2014, chances are he's not going to be asked back. however, with lower taxes, you'll have people going out to spend money. that helps earnings. that helps the fundamental argument. stocks are going to do great either way. >> debra, what do you think? >> i would tend to agree that if we have obama staying in that the market will be under pressure next year because now they're not worried so much about re-election. they don't have to worry so much about making friends with everyone, that they can go back to doing what maybe they need to do, which is back off on the fed. if we lose that fed juice, then the market could pull back. but that's next year. i think right now going into the end of the year, i think the market's going to do quite well. >> you're not worried about the fiscal cliff? some people have -- goldman sachs and morgan stanley have specifically looked at the fiscal cliff and said it's decidedly problematic for the fourth quarter and the s&p could fall from h
. arthur got it right. romney has said now on several occasions, both during the debate several times and just before the debate, he is going to put strict caps -- are you listening, jared -- strict caps on itemized deductions. those caps will range between $17,000 and probably $40,000, $45,000. the more money you make, the lower your cap is going to be. once you apply those strict caps, then the math adds up if you get some decent growth, that is. >> one more thing, larry, the deductions are the greatest benefit at the highest tax rates. so therefore limiting the deductions at the highest rate gives you the greatest base and revenue -- >> all true, art. but here's the thing. he has taken off the table capital gains, dividends, interest deductibility, the mortgage interest deduction -- >> no, he hasn't. he has not. jared, he's said everything is on the table. jared, my friend, when asked this question, besides the specifics of the dollar limit, he has said everything is on the table. come on. that's what he said. >> he can't do that without raising taxes on middle class people. >> yes
on "power lunch." >>> it's your money, your vote. let's check out our cnbc obama and romney portfolios on the back of yesterday's vp face-off. both indices are down today with the market but the president's portfolio is leading this year, it is up more than 10%. mr. romney's portfolio up about 1%. so what kind of stocks are in those particular portfolios? the president's has autos, health care and housing stocks such as tesla, tenet health care and dr horton. mr. romney has tobacco, coal and oil stocks such as philip morris, halliburton and arch coal. >>> it was a story that our wealth editor robert frank -- we called him swanky franky -- brought to you first a couple of days ago here on "power lunch." millionaires and billionaires, the swanky, getting massive tax breaks for moving into a swanky condo building in new york. we said it would cause outrage, and indeed it has. robert is here with new developments. >> just to continue the rhymes, it's made some people cranky! well, city officials are now taking a closer look at those tax breaks that are given to new york's tallest and most
increases and it probably means the tax reduction for businesses both large and small. i think that's very positive for economic growth. my friend mona sharon wrote a piece called the romney boom, and i believe entrepreneurs are so ready to have a boom, if only the -- if only the tax and regulatory threats would be removed, zack, that's why i'm saying people might want to get ready for a boom if the election goes on its way. >> if washington can get its act together, president obama favors lowering the corporate tax rate. if washington can get its act together to bring u.s. corporate tax rates. . if you want to do the romney boom just stick to the coal and defense stocks. if you want to do it safe, coal defense stocks. >> what about banks and what about cyclical retail? that's the last one. >> i did the cyclical retail. health care, you know, it's a difficult thing. >> all right. gentlemen, i'll leave it there. zack carrabell, thank you very much. lee munson, up next on kudlow, the nobel peace prize gets awarded to the european union and it's the nutiest thing i've ever heard unless you're
. >> i know. you wish for both. >> when all of a sudden romney turned around and, anyway. >> that's right. that was because of that. >> yeah. we're going to continue with our what's working series with dan fuss, with the total analyzed return above 10% since the fund launched back in 1991. but first, andrew. andrew, you have the morning headline. >> i do have the morning headlines. let's talk about them. alcoa reporting better than expected earnings in revenue after the close. the company earned 3 cents per share for the third quarter. that compares to expectations o of a break even quarter. among the catalyst, stronger demand for aluminum products from airplane and automobile producers, this did, though, offset weak aluminum prices and china's slumping economy and that has a lot of people concerned. cautioning that the company's noticed a slight slowdown in some regions and end markets namely in china. so it's lowering its global demand forecast. and yum's earnings also beating the street revenues roughly in line. the company's raising its full-year outlook after sales in china held up d
. both president obama and governor romney have said they would prevent iran from getting a nuclear weapon. even if that means military action. last week, form er defense secretary bob gates said a strike on iran's facilities would not work and, quote, could prove catastrophic haunting us for generations. can the two of you be absolutely clear and specific to the american people how effective would a military strike be? >> congressman ryan? >> we cannot allow iran to gain a nuclear weapons capability. now, let's take a look at where we've come from. when barack obama was elected, they had enough fissile material, nuclear material, to make one bomb. now they have enough for five. they're racing toward a nuclear weapon. they're four years closer towards a nuclear weapons capability. we've had four different sanctions at the u.n. and iran, three from the bush administration, one here, and the only reason we got it because russia watered it down and prevented the sanctions from hitting the cen brawl bank. congress i've been fighting for these sanctions since 2009. the administration was
to start out by saying i think if you talk to political professionals in both parties they don't see the electoral map that auspicious for romney is that real clear politics map with the states shifted. if you look at the real clear map only with no tossup states, where they push all the states where somebody has an advantage, obama is in a much stronger position, and we saw from our polls today that milt romney is trailing by six points in the state of ohio where he must win. but the test tonight for paul ryan is to try, us a mention, to accelerate the momentum that romney gained last week and try to prevent joe biden from coming out very aggressively and saying, hey, wait a minute. president obama may not have said it, but i'm going to say it tonight. there are contradictions between the romney who was on stage in denver, the romney record. joe biden is an experienced debater. he sometimes makes mistakes verbally. we'll see how he handles that, and paul ryan is young. there's a very large age gap between these two, but he is somebody who is very fluent in policy, as you know. an in
is the same. i think it's starting to don on romney there's no free lunch tax cuts. for obama, there's no free lunch from raising taxes either. they're both going to face, i think, very similar realities. as i like to say, the math is inexrabble. >> it isn't the same. the math isn't the same. i believe that if you do the right thing, you broaden the tax base, you take away the loopholes, i think that there is a nonstatic aspect. there's economic growth that can make up a difference, which is at the epicenter of that 5 trillion number. >> not just that, they both have very different attitudes about spending. >> but guys -- >> which they've highlighted. >> i think we're at a point now where we've figured out tax cuts don't pay for themselves. >> i disagree. tax cuts that last one year where you don't know what the next two, three, or four years is going to be. if we had a tax going on for a long time, i think it would be a big time boost to the economy. >> very, very quickly, guys. look, they've only got 30 days after the election. i know the negotiations have already started. what would a compr
, undoubtedly, as we all know, the momentum has gone with the romney-ryan camp. sure. you look at both of these gentlemen, they've both been in the political cal scescene for time. most of us have already formed an opinion of vice president biden. four years working with president obama. two presidential campaigns and 40 years in washington. i think we have an understanding of who joe biden is and what he stands for. on the other side of the equation, i'm personally excited to see congressman ryan tonight. he's a smart guy. he's in command of details. i am very hopeful that he will be able to carry forth the momentum that the romney campaign got out of the first presidential debate. >> how do you think he should play that? because the lead article in the "washington post" today notes how -- an emphasis in tone governor romney is tracking to the center for obvious reasons as we get closer to the vote. do you think ryan should do the same or double down on his conservative heritage for what that could do to get the vote out on the gop side? >> simon, i think what ryan should actually do
you, eamon. so with voters clam moring for both sides to work together, will the partisanship be blocked out? with us now is david callahan and justin safies with the romney campaign. did senator schumer help or hurt the chances of a deal? david, let me start with you. >> i don't know whether he helped or hurt it, but he's making a good point. i mean, the other thing that schumer said was he'll willing to talk about a grand bargain. he's willing to talk about cuts to entitlements, but there has to be more revenue on the table. the democrats are not going to roll over and let, you know, the solution to this budget deficit be that it mainly in cuts that hurt the middle class and not raise taxes on the rich at all. that's just unacceptable. >> justin, where do you suspect the marker will be from the conservative standpoint as we begin negotiations on the fiscal cliff? >> well, i think the marker probably will be on tax cuts and not wanting to -- excuse me, on tax increases and not wanting to raise taxes while we still have unemployment that's still way to high in the united state
barbs on last night's vp debates. we'll talk with andrea saul, press secretary for romney, next on cnbc. >>> there was laughing, interrupting and attacks from both sides during last night's vice presidential debate. taxes were a contentious issue during the economic portion of that. take a listen. >> there aren't enough rich people in small businesses to tax to pay for all their spending. and so the next time you hear them say don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class. the tax bill is coming to you. >> andrea saul is the national press secretary for the romney campaign, joins us from campaign headquarters in boston. andrea, good morning. great to have you. >> good morning, thanks for having me. >> let's get the style out of the way. right? because that's what everybody wants to talk about. it's the easiest to relate to. it didn't take long for the rnc to put together an ad compiling all of biden's laughter moments, which people have talked about a lot last night and today. it's been said, if you're going to argue or complain abo
. >> well, let me do both because the swing state poll set up the debate. first of all, what we've seen nationally is that mitt romney's vote is coming up. he's he closing on obama. he has taken a one point lead in the state of virginia. we've got obama up one point in the state of florida. but those are essentially tied races. the real key for romney is going to be making some more head way in the state of ohio where we show obama up six percentage points, but that's down from eight before. and we've seen romney elsewhere making progress in places like colorado, for example, where obama had held the lead, but mitt romney was in striking distance and he still is. now, the significance of tonight's debate is that vice presidential debates can either confirm and accelerate momentum from the previous presidential showing or put a brake on it. joe biden's job is to put a brake on it and paul ryan will have to keep it going. and when you think about match-ups between veteran politicians like biden and younger vice presidential nominees, we've got some pretty good case studies. one is lloyd b
. >> during the debates, not the president but mr. romney did was go directly after the banks. are you surprised by that? >> five banks actually he went after. >> some of your pals and some people you've worked with. i thought both of you would have views. >> it's absolutely right, it's crazy to declare five banks too big to fail and also correct community and regional banks are suffering and they had nothing to do with the meltdown on wall street. >> his facts are incorrect. it's not five, it's more like 40 and the systemically important institutions has not yet been fully defined yet and may not only include banks. so i think when you say five banks those are the five largest banks but it's not the ohm banks being focused on. ask aig when they pay back if they're focused on by the fed now. so the facts were just wrong that he gave a great show but his facts were wrong. >> you know what my favorite moment in the entire debate was? >> what's that? >> when president obama said for the thousandth time he's going to stop the tax break for shipping jobs overseas. governor romney said i've
, there was smirking, there was interrupting, there were attacks from both sides, the democrats were looking for a spark from the vice president, while the republicans looked to capitalize on the momentum gain from mitt romney's first presidential debate, taxes were a driving force behind the economic portion of the debate. >> there aren't enough rich people and small businesses to tax to pay for all their spending, and so the next time you hear them say don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class, the tax bill's coming to you. >> we're arguing that the bush tax cuts for the wealthy should be allowed to expire. of the bush tax cuts for the wealthy, $800 billion of that goes to people making a million of $1 million. just let taxes expire like they're supposed to on those millionaires. we can't afford $800 billion going to people making a minimum of $1 million. >> see, $800 million billion, i need scientific notation. >> he corrected himself as he was talking. >> no -- did he? didn't that sound bad? if you want to do $800 million billio
Search Results 0 to 14 of about 15